Expense Analysis:
- Conduct a detailed analysis of all organisational expenses, covering both direct (e.g., materials, labor) and indirect costs (e.g., utilities, administrative expenses).
• Identify opportunities for cost reduction that do not compromise business operations or customer satisfaction, such as procurement efficiencies and renegotiating supplier contracts.
• Explore ways to make processes more efficient and adopt technologies that reduce labor and utility costs, ensuring these changes do not affect product or service quality.